Search results for NEA
AI & Enterprise
Bezos also bets as CuspAI teams up with Nvidia to find new materials for AI chips
British AI startup CuspAI has raised $450 million and will work with Nvidia to discover new materials for next-generation semiconductors. CNBC reported the funding values CuspAI at $2.6 billion, with investors including Jeff Bezos’ Bezos Expeditions, Kleiner Perkins and others. CuspAI launched an AI Materials Foundry to link data, labs and computing resources. Nvidia will provide accelerated computing infrastructure, and Meta’s fundamental AI research group will also participate.
AI & Enterprise
Twelve Labs raises $100 million in additional funding, expands AWS alliance
Video-understanding AI foundation model developer Twelve Labs said on Tuesday it raised $100 million in Series B funding to pursue general intelligence beyond basic video understanding. The round was co-led by NEA and Naver Ventures, with participation from Amazon, Radical Ventures, Korea Investment Partners, Index Ventures, Kadriyu Capital and Red Bull Ventures. Twelve Labs said its total funding has surpassed $207 million and it will deepen cooperation with Amazon Web Services.
AI & Enterprise
Databricks starts new fundraising talks at $165 to $175 billion valuation
Databricks is discussing a new fundraising round at a valuation of $165 billion to $175 billion, The Information reported on Sunday. The valuation would be up sharply from $134 billion at the end of last year. The new round could begin as soon as within a month and final terms have not been set. CEO Ali Ghodsi called 2026 the worst year to list, Bloomberg TV reported.
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AI & Enterprise
Google plans release of 32 million AI-selected mosquitoes in Florida to test disease control
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Crypto
U.S. 5 labor groups submit letter opposing CLARITY Act, warning retirement pensions at risk
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People
Namutech appoints Kim Hwa-joong as president, shifts to co-CEO structure
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AI & Enterprise
Namu Technology selected as AI voucher supplier, targets manufacturing, bio and finance AX
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AI & Enterprise
AI fear spreads to cybersecurity sector as firms say core business not easily disrupted
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AI & Enterprise
Synthesia valuation tops $4 billion, allows employee share sales